Hayman

D efendant was found guilty by the court sitting without a jury on four counts of an indictment charging four separate violations of the Corporate Securities Act. This is an appeal from the judgments of conviction and the order denying defendant’s motion for new trials.

Appellant urges that the evidence shows that he was the owner of the stock sold and fails to show that the transactions in question were but a subterfuge to evade the provisions of such act.

It is undisputed that appellant sold shares of stock of the Hayman Oil Company to the four persons named and that no permit was issued by the commissioner of corporations authorizing the sale of such stock.

One of the purchasers testified that appellant told her at the time she bought that the stock was his own and “that the corporation commissioner had nothing to do with him in any way, shape or form”. Other witnesses testified that he said it was his private stock that he was selling. There was other evidence showing that the books of the Hayman Oil Company were kept in appellant’s office in Los Angeles; that the certificates of stock were there issued, and that he was the owner of the land on which the supposed “37…